nigeria banking system

  1. curator

    Money laundering: New sanction regime will enhance public confidence-MfB operators –...

    Micro finance banks’ operators have commended the new Anti Money Laundering/Counter Financing Terrorism (AML/CFT) sanction regime saying it will enhance public confidence in the banking system. Two weeks ago, the CBN rolled out a new AML/CFT sanction regime which stipulates fines against...
  2. curator

    CBN To Raise Standards With Open Banking System – Leadership Newspaper

    As the banking system moves to deliver quality services to consumers in the 21st century driven by new technological advancements, the Central Bank of Nigeria (CBN) has declared its interest in Open Banking System (OBS) which grants bank customers easy access to their data and opening the...
  3. K

    Business CBN Re-introduces Bank Charges on Cash Deposits, Withdrawals

    The Central Bank of Nigeria on Thursday announced the reintroduction of bank charges on certain categories of cash deposits and withdrawals. This came about three years after the apex bank stopped the charges. In a circular to all Deposit Money Banks posted on its website, the regulator said...
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